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5/23/12

France, Germany at odds at EU summit

French President Francois Hollande and German Chancellor Angela Merkel were at odds over the issue of eurobonds at a European Union summit on Wednesday, as concern rose over a possible Greek euro exit.

"Among the proposals I will put on the table will be eurobonds," Hollande said after meeting Spanish Prime Minister Mariano Rajoy.

He said it was unfair for Spain or Italy to pay close to six per cent interest on their 10-year bonds while Germany's yield on two-year debt issuances reached a low of 0.07 per cent on Wednesday.

Read more: France, Germany at odds at EU summit

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